It seems Pentax is/was/will be bit that much interested into a merger but Urano was. It's not clear at all (yet) if Pentax (its shareholders) are really interested in a merger or if Urano's proposal was "well why not after all".
2007/4/12, Tom C <[EMAIL PROTECTED]>: > Why would it make it suspect? They are the majority shareholder. Almost > all (if not all) shareholders are in it for primarily one thing - making > money. > > If making the most amount of profit in the shortest amount of time is > Sparx's goal, it's also the goal of many other shareholders. > > I'm not stating anything regarding the possible demise of Pentax other than > what is publicly available. I do think their prediction of "It will be hard > for Pentax to survive on its own in five to 10 years' time" is a truthful > statement. If it were not, Pentax would have had no interest in a merger > with Hoya and Hoya would not have made indications that they would consider > divesting themselves of the low-margin divisions of Pentax, post-merger. > > Tom C. > > > >From: "P. J. Alling" <[EMAIL PROTECTED]> > >Reply-To: Pentax-Discuss Mail List <[EMAIL PROTECTED]> > >To: Pentax-Discuss Mail List <[EMAIL PROTECTED]> > >Subject: Re: From a Recent Press Release... > >Date: Thu, 12 Apr 2007 14:49:44 -0400 > > > >The point is success to Sparx is not necessarily, in fact probably > >isn't, success to Pentax. In fact in Sparx is better off if Pentax is > >sold. That makes Sparx's predictions of Pentax's demise suspect. I'm > >not saying that those predictions are wrong, but I'm considering the > >source. > > > >Tom C wrote: > > >> From: "P. J. Alling" <[EMAIL PROTECTED]> > > >> Reply-To: Pentax-Discuss Mail List <[EMAIL PROTECTED]> > > >> To: Pentax-Discuss Mail List <[EMAIL PROTECTED]> > > >> Subject: Re: From a Recent Press Release... > > >> Date: Thu, 12 Apr 2007 13:21:00 -0400 > > >> > > >> Then again Sparx group seems to have a vested interest in Pentax > >getting > > >> out of the Photography business, in fact any business. They wanted > >that > > >> before Pentax's recent success in the DSLR market and like any group of > > >> analysts they hate to be wrong. Sometimes so much so that they ignore > > >> results. You should keep in mind that Sparkx Group has no vested > > >> interest in the actual survival of any company, (except maybe for > > >> themselves), to them its only money, and maximizing return is all they > > >> care about. Better for Pentax to be bought by Hoya and dismembered, > > >> > > > >from their point of view, (which will net them relatively high profits > > > > > >> on the sale of their holdings), than continue to survive and pay > > >> dividends with only a normal appreciation in value over time. > > >> > > >> > > > > > > Pentax's recent success in the DSLR market though, has been relatively > > > small. Small overall market share, small profit margin, even though they > >are > > > turning a profit. It makes it very hard to compete. > > > > > > Yes I know that Sparx and many other investors may have no vested > >interest > > > in the survival of the company. That's exactly why some of us have been > > > saying for several years that we were worried with regard to survival of > >the > > > brand. That, and we thought Pentax was making stupid moves in the > >business > > > (which may have been the only moves they could make, based on cash flow > >and > > > profitability). > > > > > > It has little to do with Pentax's past history as a leader in the 50's > >and > > > 60's, the quality of their lenses, or whether we personally like the > >Pentax > > > brand. > > > > > > Tom C. > > > > > > > > > > > >> Tom C wrote: > > >> > > >>> "The No. 1 shareholder, with a stake of 23.9%, is independent asset > > >>> management firm Sparx Group Co. (8739). "It will be hard for Pentax > >to > > >>> survive > > >>> on its own in five to 10 years' time," Sparx President Shuhei Abe > >says." > > >>> > > >>> I'm not saying the sky is falling. But I also would not be surprised > >if > > >>> > > >> the > > >> > > >>> recent posturing is not just a way to further up the > >ante/purchase-price > > >>> > > >> of > > >> > > >>> Pentax. If that threshold is met, Hoya could acquire the most > > >>> > > >> profitable > > >> > > >>> part of the business, while possibly selling off or eliminating the > > >>> underperforming 2% profit camera-side of the business. > > >>> > > >>> Remember, during most acquisitions, mergers, shutdowns, the modus > > >>> > > >> operandi > > >> > > >>> is business as usual until the day an announcement is made. We've > >seen > > >>> > > >> that > > >> > > >>> in operation already with the way the Samsung partnering was > >announced, > > >>> > > >> the > > >> > > >>> way the merger was announced, and now the suddenness with the backing > > >>> > > >> away > > >> > > >>> from the deal. > > >>> > > >>> Time will tell. > > >>> > > >>> Tom C. > > >>> > > >>> > > >>> > > >>> > > >>> > > >> -- > > >> Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf > > >> thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. > > >> > > >> > > >> -- > > >> PDML Pentax-Discuss Mail List > > >> [EMAIL PROTECTED] > > >> http://pdml.net/mailman/listinfo/pdml_pdml.net > > >> > > > > > > > > > > > > > > > > > >-- > >Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf > >thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. > > > > > >-- > >PDML Pentax-Discuss Mail List > >[EMAIL PROTECTED] > >http://pdml.net/mailman/listinfo/pdml_pdml.net > > > > -- > PDML Pentax-Discuss Mail List > [EMAIL PROTECTED] > http://pdml.net/mailman/listinfo/pdml_pdml.net > -- Thibault Massart aka Thibouille ---------------------- K10D,Z1,SuperA,KX,MX, P30t and KR-10x ;) ... -- PDML Pentax-Discuss Mail List [EMAIL PROTECTED] http://pdml.net/mailman/listinfo/pdml_pdml.net
